[bguillet]

And more expensive

[chillwaves]

That's what happens when you cannot rely on spending other people's money to prop up your business.

It's honestly so destructive for these anti competitive business practices to pour VC money into a market.

[graeme]

Uber and Lyft aren’t unprofitable at the margins in developed markets. They instead spend money expanding.

Back in 2016 Uber says it was profitable in places like California. Why would VC spend billions to permanently give free rides to Californians? It just doesn’t make any sense.

https://fortune.com/2016/06/16/uber-profitable-markets/

[Forgeties79]

It should be tbh. It’s a car service. It’s a luxury expense.

[dcow]

It may have started that way but not anymore. You can viably replace car ownership with ride-share and spend _less_ money each month than being a car owner. Many people do this, it not just luxury.